08.10.2015 22:12:57
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Alcoa Q3 Profit Down
(RTTNews) - U.S. aluminum producer Alcoa Inc. (AA), Thursday reported third-quarter net income of $44 million or $0.02 per share, down sharply from $149 million or $0.12 per share last year.
Adjusted income for the quarter was $109 million or $0.07 per share, down from $370 million or $0.31 per share last year.
Sales for the quarter dropped to $5.57 billion from $6.24 billion last year.
Analysts polled by Thomson Reuters expected the company to earn $0.14 per share on revenues of $5.68 billion for the quarter. Analysts' estimates typically exclude special items.
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